We strongly encourage you to contact the loan provider(s) directly for the most current information on loan terms.Please pay close attention to interest rates and fees, and inquire about any repayment incentives or options.The authors of this post work for Gradvocates Editing, a business that edits personal statements, resumes, and other documents for students seeking to get into law school, graduate school, or college.We also edit resumes and cover letters for anyone trying to get a job.Today, the answer to that question is probably yes!7 out of 10 graduates are now graduating with some form of student loan debt.Below we've ranked the leading student loan refinancing and consolidation companies. There are many different benefits and drawbacks of what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.
While the reasons for purposely defaulting on education debt vary, the consequences are invariably unpleasant: debt collection, wage garnishment, growing loan balances, even lawsuits.
That’s just one story of how student loan debt can grow rapidly, but it’s not the only one.
Education debt can quickly make a mess of any borrower’s finances.
A low interest rate that’s locked in for the life of your loan – so your monthly payments never change.
A fixed rate may result in a higher total cost, but you’ll rely on predictable monthly payments.
If the requirements above sound good, we think that you are a great applicant for student loan refinancing and consolidation.